Blue Water Acquisition Corp. III (NASDAQ:BLUW) Short Interest Update

Blue Water Acquisition Corp. III (NASDAQ:BLUW) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,275 shares, an increase of 169.6% from the April 30th total of 473 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 12,353 shares, the days-to-cover ratio is presently 0.1 days.

Blue Water Acquisition Corp. III Stock Performance

Shares of Blue Water Acquisition Corp. III stock opened at $10.27 on Friday. The business has a 50-day moving average of $10.27 and a 200 day moving average of $10.27. Blue Water Acquisition Corp. III has a 12 month low of $9.93 and a 12 month high of $10.41.

Blue Water Acquisition Corp. III (NASDAQ:BLUW) last announced its earnings results on Tuesday, April 14th. The company reported ($0.03) EPS for the quarter.

Hedge Funds Weigh In On Blue Water Acquisition Corp. III

Hedge funds and other institutional investors have recently bought and sold shares of the company. Warberg Asset Management LLC purchased a new position in Blue Water Acquisition Corp. III during the 3rd quarter valued at about $200,000. PenderFund Capital Management Ltd. acquired a new stake in Blue Water Acquisition Corp. III in the 4th quarter valued at about $232,000. Schonfeld Strategic Advisors LLC acquired a new stake in Blue Water Acquisition Corp. III in the 3rd quarter valued at about $399,000. Bulldog Investors LLP acquired a new stake in Blue Water Acquisition Corp. III in the 3rd quarter valued at about $414,000. Finally, Context Capital Management LLC acquired a new stake in Blue Water Acquisition Corp. III in the 3rd quarter valued at about $498,000.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings upgraded Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. Wall Street Zen upgraded Blue Water Acquisition Corp. III to a “hold” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Blue Water Acquisition Corp. III presently has a consensus rating of “Sell”.

About Blue Water Acquisition Corp. III

Blue Water Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Greenwich, Connecticut.